Markets ended their trade in red strongly led by bearish sentiments. Nifty in the mid-market hours breached the 9800 mark and slipped further below thereafter. Nifty 50 index ended below 50-DMA of 9,810 level to end at 9,796, down by 116 points.
Bank Nifty closed lower by 248 points or 1.02% at 24,128 level.
BSE Mid-cap index closed lower by 130 points at 15,277. BSE Small-cap index closed lower by 166 points at 15,651. India VIX closed higher by 7.1% at 13.54.
There were 385 advances, 1099 declines and 35 unchanged stocks on NSE reflecting strong negative undertone floating in the market
Nifty likely to trade in the range of 9750-9950.
Pharma looking good today while aviation stocks may face some pressure.